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Stock exchange: Berlusconi speaks, Mediaset rises

The Biscione has now gained more than 50% since mid-November, when the group had presented its first quarterly in red, and 28% since the Knight returned to the political scene, wandering with the usual refrain between TV and radio - Even today Mediaset increased by 0,64% and Piazza Affari by 0,36% – Bank stocks are doing well

Stock exchange: Berlusconi speaks, Mediaset rises

The sprint of the banks supports Milan which ends the day up 0,33%. However, the sector closed overall in contrast. The All share index was also positive, closing at +0,36%. Balza Gemina of 9,25% on the hypothesis of an acceleration of the merger process with the parent company Atlantia and a possible takeover bid. Immsi also stands out (+2,23%) after a jump of more than 6% on press rumors, denied by Immsi, relating to an interest by Air France for the remaining 75% of Alitalia, of which Immsi owns 7,08, 16%. Mediaset confirms increases at the highest since mid-September: since last November 50, when the publishing group closed the first quarter in the red in its history, the increase is 10%. A recovery that seems to go hand in hand with the return of Silvio Berlusconi on the political scene: since last December 28, in conjunction with the distrust of Mario Monti, the share has gained more than 5%. Today Berlusconi once again made an appeal against abstention: "you have to go and vote", he said in an interview on Canale XNUMX. Credit Suisse has also promoted the Spanish subsidiary.

Madrid +0,40% and Paris recovered in the final closing unchanged after Finance Minister Safia Otokore denied on Twitter market rumors about an imminent sovereign debt downgrade ("They are unfounded and false rumors," she said). London, which dropped by 0,18%, and Frankfurt -0,48% ended up in the red again, after a passage into positive territory, which blamed the decline in German export data which in November recorded a drop of 3,4. 280% compared to October. The Btp Bund spread returned to 1,3068 basis points. The euro retraces the dollar to 0,31 while WTI oil drops 92,89% to 1.655,20 dollars a barrel. Gold raises the brim to 0,55 (+XNUMX%) dollars an ounce.

Today the Salva Stati fund debuted on the markets with its first securities auction, selling 1,927 billion euros of three-month debt with negative rates (-0,324%) shortly after Japan assured it will continue to invest. The demand, according to the Bundesbank, amounted to 6,24 billion against the maximum two billion offered. The Eurozone today collected a new unemployment record of 11,8% with an increase of 113 units and youth unemployment at 24.%. The positive figure is the increase in confidence in Europe: in December, the index that measures confidence in the business and consumer economy (ESI) of the European Commission's Economic Affairs Directorate recorded an improvement of 1,3 points, rising to 87 points in the Eurozone. In the afternoon, the European price lists were also supported by the unexpected slight increase in the confidence of US SMEs.

A Wall Street (Dow Jones loses 0,56% and the Nasdaq 0,64%) however, we are looking at the new season of quarterly results which, as usual, will be inaugurated today by Alcoa after the close of the markets. And, having resolved the fiscal cliff at the last minute, there is now the stumbling block on raising the debt ceiling (fixed by law to 16.400 trillion dollars) on which a new standoff between President Barack Obama and the Republicans is looming. In the absence of a deal, the US will no longer be able to pay its bills and will end up in default. In reality, the maximum debt limit was reached on 31 December, but the Treasury Department has launched extraordinary and temporary measures to guarantee the country's solvency. According to the majority of experts there is time until March, but for the Bipartisan Policy Center think tank the clouds will gather sooner: the default will arrive between February 15 and March 1. Meanwhile, Obama is close to appointing White House chief of staff Jacob Lew as Treasury secretary in place of Timothy Geithner.

At Piazza Affari Generali rose by 0,84% ​​after announcing the agreement with the Czech financier Petr Kellner to buy his stake in the joint venture in Eastern European countries (49%). The purchase will be in two tranches of 49% of the joint venture with PPF in Eastern Europe for 2,5 billion. Leone's number one, Mario Greco, also announced that non-binding offers for US and BSI assets put up for sale by the Trieste-based company are scheduled for the week. Among the banks, Banco Popolare +3,56%, Mediolanum +2,68%, Mediobanca +2,49%, Unicredit +2,12%. Down Mps -1,24% on profit taking, Intesa -0,07% and Bpm -1,33%. Ferragamo among the best stocks of the Ftse Mib with +2,13%. Autogrill worst stock in the index -3,05% after Kepler reduced the judgment to hold from buy by lowering the target price to 8 euros from the previous 9,2 euros.

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